by Sal Schibell | Dec 28, 2022 | News
The IRS treats cryptocurrency as property, not money, and taxes it like a stock. Taxpayers must disclose gains and losses on investments in digital assets. Profits on assets held for more than a year are taxed at the long-term capital gains rate, now a top 23.8%,...
by Sal Schibell | Dec 22, 2022 | News
Board and executive diversity continue to be a top priority for many corporate directors and investors as diversity, equity, and inclusion (DEI) initiatives have been linked to improved company performance. McKinsey found in its research Diversity wins: How inclusion...
by Sal Schibell | Jul 20, 2022 | News, Tax Tips
Charitable contributions are a great way to give back not only to your community, but to yourself around tax time! The IRS allows taxpayers to itemize charitable contributions in order to write them off–in most cases, you’re allowed to write off up to 60% of your...
by Sal Schibell | Jul 20, 2022 | News, Tax Tips
The IRS doesn’t require every citizen to file come tax time. It depends on your age, filing status, income level, and the source of your income. You can refer to the below table to see if you meet the requirements for filing a tax return. Filing Status Age As Of The...
by Sal Schibell | Jun 14, 2022 | News
Gift tax is a consideration that those making large donations to an individual must consider. The IRS considers a gift anything that is a transfer to an individual, directly or indirectly, where full consideration (measured in money or money’s worth) is not received...
